We see two divergences after wave V (circle) meaning 1,3800 is giving good support. There is a second support remaining at 1,3771. Then we have the breakdown point at 1,3750 that will drive the proce below 1,3670 from where it will recover again up.
There is a chance to buy right now and buy again at 1,3771. Targets are up wave IV (circle) at 1,3895/1,3920.
Watch carefully that the daily bar does not close below 1,3797 because it will activate the breakdown level mentioned.
There is a chance to buy right now and buy again at 1,3771. Targets are up wave IV (circle) at 1,3895/1,3920.
Watch carefully that the daily bar does not close below 1,3797 because it will activate the breakdown level mentioned.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.